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IoT Sensors Trends and Forecast
The future of the global IoT sensors market looks promising with opportunities in the consumer, commercial and industrial markets. The global IoT sensors market is expected to reach an estimated $65.0 billion by 2030 with a CAGR of 27.6% from 2024 to 2030. The major drivers for this market are growing usage of sensors in internet of things applications as a result of size and cost decrease and technological advancements, introduction of the standards for 3GPP Releases 13 and 14., and demand for wearable and connected devices is growing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
IoT Sensors by Segment
The study includes a forecast for the global IoT sensors by sensor type, technology, end use industry, technology, and region
IoT Sensors Market by Sensor Type [Shipment Analysis by Value from 2018 to 2030]:
• Temperature Sensors
• Pressure Sensors
• Humidity Sensors
• Flow Sensors
• Accelerometers
• Magnetometers
• Gyroscopes
• Inertial Sensors
• Image Sensors
• Radar Sensors
IoT Sensors Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Wired
• Wireless
• ZIGBEE
• Z-WAVE
• NFC
• RFID
• ENOCEAN
IoT Sensors Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Consumer
• Commercial
• Industrial
IoT Sensors Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of IoT Sensors Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies IoT sensors companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the IoT sensors companies profiled in this report include-
• Analog Devices
• Bosch Sensortec
• Broadcom
• General Electric Company
• Infineon Technologies
• Libelium Comunicaciones Distribuidas
• Monnit Corporation
• Murata Manufacturing
• Nxp Semiconductors
• Omron Corporation
IoT Sensors Market Insights
Lucintel forecast that pressure sensor is expected to witness highest growth over the forecast period.
Within this market, consumer will remain the largest segment due to.
APAC is expected to witness highest growth over the forecast period.
Features of the Global IoT Sensors Market
Market Size Estimates: IoT sensors market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: IoT sensors market size by sensor type, technology, end use industry, and region in terms of value ($B).
Regional Analysis: IoT sensors market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sensor type, technology, end use industry, and regions for the IoT sensors market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the IoT sensors market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the IoT sensors market size?
Answer: The global IoT sensors market is expected to reach an estimated $65.0 billion by 2030.
Q.2 What is the growth forecast for IoT sensors market?
Answer: The global power electronic market is expected to grow with a CAGR of 27.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the IoT sensors market?
Answer: The major drivers for this market are increased use of sensors in iot applications due to cost and size reduction, and technological advancements, introduction of 3gpp release 13 and release 14 specifications, and growth in internet penetration rate .The major drivers for this market are growing usage of sensors in internet of things applications as a result of size and cost decrease and technological advancements, introduction of the standards for 3GPP Releases 13 and 14., and demand for wearable and connected devices is growing.
Q4. What are the major segments for IoT sensors market?
Answer: The future of the IoT sensors market looks promising with opportunities in the consumer, commercial and industrial markets.
Q5. Who are the key IoT Sensors Market companies?
Answer: Some of the key IoT sensors companies are as follows:
• Analog Devices
• Bosch Sensortec
• Broadcom
• General Electric Company
• Infineon Technologies
• Libelium Comunicaciones Distribuidas
• Monnit Corporation
• Murata Manufacturing
• NXP Semiconductors
• Omron Corporation
Q6. Which IoT sensors market segment will be the largest in future?
Answer: Lucintel forecast that pressure sensor is expected to witness highest growth over the forecast period.
Q7. In IoT sensors market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period .
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the IoT sensors market by sensor type (temperature sensors, pressure sensors, humidity sensors, flow sensors, accelerometers, magnetometers, gyroscopes, inertial sensors, image sensors, touch sensors, proximity sensors, acoustic sensors, motion sensors, occupancy sensors, co2 sensors and light sensors, and radar sensors), technology (Wired, Wireless, ZIGBEE, Z-WAVE, NFC, RFID, and ENOCEAN), end use industry (consumer, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Iot Sensors Market, Iot Sensors Market Size, Iot Sensors Market Growth, Iot Sensors Market Analysis, Iot Sensors Market Report, Iot Sensors Market Share, Iot Sensors Market Trends, Iot Sensors Market Forecast, Iot Sensors Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global IoT Sensors Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global IoT Sensors Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global IoT Sensors Market by Sensor Type
3.3.1: Temperature Sensors
3.3.2: Pressure Sensors
3.3.3: Humidity Sensors
3.3.4: Flow Sensors
3.3.5: Accelerometers
3.3.6: Magnetometers
3.3.7: Gyroscopes
3.3.8: Inertial Sensors
3.3.9: Image Sensors
3.4: Global IoT Sensors Market by Technology
3.4.1: Wired
3.4.2: Wireless
3.4.3: ZIGBEE
3.4.4: Z-WAVE
3.4.5: NFC
3.4.6: RFID
3.4.7: ENOCEAN
3.5: Global IoT Sensors Market by End Use Industry
3.5.1: Consumer
3.5.2: Commercial
3.5.3: Industrial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global IoT Sensors Market by Region
4.2: North American IoT Sensors Market
4.2.2: North American IoT Sensors Market by End Use Industry: Consumer, Commercial, and Industrial
4.3: European IoT Sensors Market
4.3.1: European IoT Sensors Market by Sensor Type : Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, Co2 Sensors and Light Sensors, and Radar Sensors
4.3.3: European IoT Sensors Market by End Use Industry: Consumer, Commercial, and Industrial
4.4: APAC IoT Sensors Market
4.4.1: APAC IoT Sensors Market by Sensor Type : Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, Co2 Sensors and Light Sensors, and Radar Sensors
4.4.3: APAC IoT Sensors Market by End Use Industry: Consumer, Commercial and, Industrial
4.5: ROW IoT Sensors Market
4.5.1: ROW IoT Sensors Market by Sensor Type : Temperature Sensors, Pressure Sensors, Humidity Sensors, Flow Sensors, Accelerometers, Magnetometers, Gyroscopes, Inertial Sensors, Image Sensors, Touch Sensors, Proximity Sensors, Acoustic Sensors, Motion Sensors, Occupancy Sensors, Co2 Sensors and Light Sensors, and Radar Sensors
4.5.3: ROW IoT Sensors Market by End Use Industry: Consumer, Commercial and, Industrial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global IoT Sensors Market by Sensor Type
6.1.2: Growth Opportunities for the Global IoT Sensors Market by Technology
6.1.3: Growth Opportunities for the Global IoT Sensors Market by End Use Industry
6.1.4: Growth Opportunities for the Global IoT Sensors Market by Region
6.2: Emerging Trends in the Global IoT Sensors Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global IoT Sensors Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global IoT Sensors Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Analog Devices
7.2: Bosch Sensortec
7.3: Broadcom
7.4: General Electric Company
7.5: Infineon Technologies
7.6: Libelium Comunicaciones Distribuidas
7.7: Monnit Corporation
7.8: Murata Manufacturing
7.9: NXP Semiconductors
7.10: Omron Corporation
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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